Janney Montgomery Scott starts ‘well positioned’ ACNB Corp. with a Buy

As previously reported, Janney Montgomery Scott initiated coverage of ACNB Corp. (ACNB) with a Buy rating and $53 fair value estimate. ACNB, which operates “an extensive 26-branch network in some of the strongest growth markets” in southcentral Pennsylvania and northern Maryland, is well positioned for loan growth, the analyst tells investors. The firm also thinks the company will be an opportunistic participant in M&A going forward as it looks to further enhance its footprint, the analyst added.